Investors withdrew from energy raw materials and metals
Oil futures ended the week before, reaching a 3-week low. The decline was helped by fears of a foreclosure, and the end of the US Federal Reserve’s asset buyout program, as well as the fears of slowing the growth of the Chinese economy. The price of light crude oil with delivery in August fell 1.3% on Friday, ending the week at a level of 93.89 dollars a barrel. Earlier in the session, the value of “black gold” reached a daily bottom of 93.13 dollars a barrel – the weakest level since June 4. The weekend’s NYSE fell to 4.3%.